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Globe, AZ—85501

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$237,000
1.3% YoY Growth
Household Income
$65,900
55.9% YoY Growth
Days on Market
71
10.0% Shorter YoY
Home Price Forecast
-0.6%
Median Rent
$1,100
16.7% YoY Growth
1-Bed Rent
$800
28.4% YoY Growth
2-Bed Rent
$2,000
4.7% YoY Growth
3-Bed Rent
$2,500
4.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Globe, AZ

As of May '26, the median home price in Globe, AZ is $237,000, with a year-over-year change of -1.3%. This indicates that home prices in Globe, AZ are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$237,000-1.3%
Single Family $237,000-1.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $184,000-2.6%
    3 Bed
    $264,000-0.8%
    4 Bed
    N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    7.6%
    2 Bedrooms
    31.6%
    3 Bedrooms
    48.3%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    3.8%

    Rental Trends — Globe, AZ

    As of July '25, Rentcast reports the average rent in Globe, AZ is $1,550, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Globe, AZ is 1-bedrooms: $909, 2-bedrooms: $2,000, 3-bedrooms: $3,000. The most common rental property sizes in Globe, AZ are 2-bedroom and 3-bedroom, accounting for 38.5% and 29.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,550
    Studio Rent N/AN/A
    1 Bed Rent $800$909
    2 Bed Rent $2,000$2,000
    3 Bed Rent $2,500$3,000
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    18.9%
    2 Bedrooms
    38.5%
    3 Bedrooms
    29.3%
    4 Bedrooms
    6.4%
    5+ Bedrooms
    4.7%

    Property Listings — Globe, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in Globe, AZ is 71. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $308,000-5.0%
    Listing Count
    4232.0%
    Listings as % of Homes0.6%32.0%
    Days on Market
    71-10.0%
    Loading chart...

    Demographics — Globe, AZ

    As of the latest ACS Survey released in 2023, Globe, AZ has a population of 12,400, which has decreased by -5.1% over the past 5 years. Globe, AZ is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    12,400-5.1%
    % Under 18
    18.0%-20.0%
    % Seniors
    23.3%0.9%
    % WFH
    7.5%127.3%
    % w/ College Degree
    15.3%-8.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Globe, AZ is a predominantly white area, with 54.0% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Globe, AZ is hispanic, making up 36.1% of the population. Foreign-born residents account for 5.0% of the population in Globe, AZ, and this percentage has increased by 85.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    54.0%0.9%
    % Black
    1.7%183.3%
    % Hispanic
    36.1%-7.0%
    % Asian
    1.7%112.5%
    % Foreign Born
    5.0%85.2%
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    Mortgage and Risk — Globe, AZ

    According to HUD data as of 2023, there were 168 mortgage originations in Globe, AZ, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Globe, AZ. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    168
    % Conventional Loans
    52.0%
    % Government Loans
    48.0%
    % Investor Loans
    1.0%
    % Second Loans
    1.0%
    % Cash Out Refinance
    18.0%
    Loading chart...
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    Rentals and Section 8 — Globe, AZ

    Globe, AZ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    36
    Total Units Section 8
    36
    % Rentals under Section 8
    N/A
    % Occupied Section 8
    88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$180$800$980
    2 Bedroom-$720$2,000$1,280
    3 Bedroom-$750$2,500$1,750
    4 BedroomN/AN/A$1,820

    Affordability — Globe, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$237,000
    Median Household Income$65,900

    Globe, AZ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    85532

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    85173

    Frequently Asked Questions